Italy: Bombardier Inc Said to be a Frontrunner in Bids for Finmeccanica’s Rail Subsidiaries

Aug 18, 2014
Source: National Post

LONDON/MILAN — Canadian plane and train maker Bombardier and Japanese industrial giant Hitachi are the two frontrunners to buy Finmeccanica’s rail subsidiaries, several sources close to the auction process said.

Italy’s Finmeccanica has been trying to sell its cash-strapped train division AnsaldoBreda together with its profitable rail signals business Ansaldo STS for three years, to help reduce net debts of 4.8 billion euros (US$6.4 billion) ...